Royal Caribbean Warns a Sailing Ban Beyond the Third Quarter Could Materially Undermine Business
As long as the sailing industry is able to get back to booking cruises by late summer, Royal Caribbean (NYSE: RCL) says its business will survive. But if the no-sail ban currently in effect until July 20 is extended, and goes beyond the third quarter, the cruise ship operator warns it will suffer serious consequences.
While the country has been slowly reopening, businesses have taken initiatives to ensure their customers conform to the social distancing guidelines currently in place. The confined quarters of a cruise ship, where some widespread COVID-19 outbreaks occurred, may present a larger challenge.
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Source Fool.com
